Exhibit 0127 Dollars per unit $40 36 32 28 ATC 24 20 AVC 16 12 100 150 200 250 9. In Exhibit 0127, a firm can sell all it wants at the market price of $28/unit. At the profit maximizing output level, the firm represented in Exhibit 0127 experiences a. a loss of $3,200 b. a profit of $1,600 a profit of $1,200 d. zero profit or loss a loss of $800 C. e.
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- + Output Variable Total AFC AVC ATC Marginal Price Cost Cost Cost $100 300 $150 350 $210 410 $300 500 $430 630 1 2 3 4 5 6 7 $600 $819 800 1019 180 170 160 150 140 130 120 Total Revenue MR Assume the producer was planning to produce a quantity of six units. What would you advise the producer to do in terms of production and pricing to maximize their profit? Provide an explanation of your reasoning. Be specific in your price and quantity targets.Macmillan Learning Quantity (units) Fixed cost ($) Variable cost ($) Total revenue ($) 10 100 11 100 12 888 36 1,000 74 1,100 100 145 1,200 13 100 14 100 15 100 16 100 17 100 88888 202 1,300 300 1,400 435 1,500 588 1,600 774 1,700 a. What is the marginal revenue received from the 11th unit? b. What is the marginal cost of producing the 11th unit? $ c. What price does this firm charge for each hard drive? d. How many units should this firm produce to maximize profits? e. When profit maximizing, what is this firm's profit? $ per unit unitsUpon graduating with an accounting degree, you open your own accounting firm of which you and your assistant are the only employees. To start the firm you passed on a job offer with a large accounting firm that offered you a salary of $50,000 annually. Last year you earned a total revenue of $120,000. Rent and supplies last year were $50,000. Your assistant's salary is $30,000 annually. annual operating profit? A) -$10,000. B) $40,000. C) $70,000. D) $80,000.
- Middletown manufacturing company makes plastic plates and cups, both of which require time on two machienes. Producing a unit of plates requires 1 hour on machine A and 2 hours on machine B. Producing a unit of cups requires 3 hours on machine A and 1 hour on machine B. Each machine is operating for at most 15 hours a day. Each unit of plates brings in 10 dollars in profit for the company. Each unit of cups brings in 12 dollars profit for the company. A Write a system of inequalities expressing these conditions and graph the feasible reigon. B Find the profit maximizing combination of plates and cups this company can and shoud produce.$ per unit $40 $20 2 4 6 8 10 MC 12 ATC MR AVC Output (q) The graph above shows a firm's Marginal Revenue (MR), Marginal Cost (MC), Average Total Cost (ATC) and Average Variable Cost (AVC). This firm is a profit-maximizing price taker. Find the firm's short run shutdown price. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.)11. Madibaz is a company that produces t-shirts. The firm operates in a highly competitive, industry and each t-shirt is priced at R80. Madibaz's marketing manager wants to determine the possible total profit for the year given the price and costs of production. The total cost equation is TC=25000 +0.025Q where Q is the number of t-shirts per year. Calculate Madibaz's total profit.
- ntQu102spring22 (1) - Protected View • Saved to this PC - O Search (Alt+Q) Faridatu Pafadnam References Mailings Review View Help t Defender Advanced Threat Protection and it hasn't detected any threats. If you need to edit this file, click enable editing, Enable Editing 3) Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive industry. MC SRATC 4 SRAVC 1.5 1 100 200 300 400 Quantity FIGURE 1 a) Refer to Figure 1. If the current market price is $6, what is the profit-maximizing output for this firm? b) Refer to Figure 1. If the price is $6 and the firm is producing at its profit-maximizing output, then what are total costs for the firm? c) Refer to Figure 1. If the market price is $1, the firm will produce short run. units of output in the d) Refer to Figure 1. If the market price is $2, what the firm will do? Price $MC ATC S Unit A 1.20 1.05 .90 60 AVC 15 20 35 Output rate The above diagram shows the cost curves for a competitive firm. Which of the following is correct? If price is $0.90, firm makes economic loss but continue to operate Shut down point is where price is $0.90. If Price exceeds $0.60, firm continue to produce even under economics loss If Price falls below $0.60, firm will continue to produce even under economics lossP 20 MC АТС 17 d 14 9 6. 40 50 55 80 The marginal revenue (MR) the individual producer receives when it maximizes its profit is $ (numeric) The marginal cost (MC) of the 40th unit produced by the individual firm is $ (numeric) The average total cost (ATC) of the 40th unit produced by the individual producer is $ (numeric)
- Question 4 Barrels of Average Oil Marginal Marginal Total Produced Revenue Cost Costs $ 30.00 $ 4.00 $ 34.00 1 $ 50.00 $ 50.00 $ $ 50.00 $ 77.00 $ 50.00 $ 17.00 $ 17.00 $ 50.00 $ 23.00 $ 18.20 2 6.00 $ 40.00 $ 17.00 $ 50.00 $ 29.00 $ 20.00 $ 50.00 $ 36.00 $ 22.29 $ 50.00 $ 50.00 $ 25.75 $ 50.00 $ 90.00 $ 32.89 $ 50.00 7 8. 10 $ 124.00 $ 42.00 Consider the table above. What are the fixed costs of production for this firm? $4 $30 $50 $34Case D: Apex Company. Apex is a perfectly competitive firm. It has total fixed costs of $300/day and a daily variable cost schedule in the table below. Apex’s product sells for $200 per unit. Quantity (units) 0 1 2 3 4 5 6 7 8 9 10 Total Variable Cost (TVC) 0 100 180 220 300 390 500 640 800 1000 1250 Answer the following questions: If the market price dropped to $80, what is the profit-maximizing level of output? What is Apex’s profit (or loss) in this case? If the market price dropped further to $40, what is the profit-maximizing level of output? What is Apex’s profit (or loss) in this case? Comment on your answers to parts (1) and (2).K Total revenue at the profit-maximizing level of output is OA $1,200 OB. $2,500 OC. $4,800 OD, $6,000. Revenue and cost (dollars per unit) $20 11 10 200 250 300 ATC AVC Quantity
